NASDAQ: Short-term signals suggest the market is transitioning into a mild uptrend
$NASDAQ(.IXIC)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$
Despite pullback, the index remains in a Bullish trend zone, albeit at a weakening level (9%), reflecting waning momentum.
Short-term signals suggest the market is transitioning from a correction trend into a mild uptrend, marked by strengthening buy-side intensity. However, rising bearish pressure warrants close monitoring.
The correction trend is fading, and signs point to a gradual uptrend, characterized by strengthening upward momentum. However, the overall trend for the next 10 days is projected to follow an ascending rectangle pattern—a formation of moderate rises and dips.
◾ Forecast Summary:
Trend Direction Ratio (Downward : Upward): 6 : 4
Intensity Expectation:
📈 Upward Intensity: High (79%)
📉 Downward Intensity: Moderate (-51%)
Volatility: Low (stable buy-sell intensity)
◾ Suggested Short-Term Position: Buy (Bullish) & Hold
Sell Timing:
Date: June 2 (Monday)
Target Price: 19,092.4
Rebuy Opportunity:
Date Range: June 2–3
Target Re-entry Price: 18,709.3
🔮 10-Day Trend Forecast & Price Outlook
Forecast Component | Value |
|---|---|
Upper Price Target | 19,939.3 (+4.3%) |
Lower Price Target | 18,789.7 (-1.7%) |
Median Price | 19,364.5 (+1.3%) |
Expected Trend Zone | Bullish (avg. level 21%) |
Trend Reversal Probability | ~June 2 & June 6 |
Key Considerations for Daily Strategy Based on Weekly Trend
The current Bullish trend is weakening, but remains actionable short-term.
Daily trades should aim for short, tactical gains, while monitoring signals of Bearish transition.
Reduce exposure incrementally if the trend zone level drops below 0% or if downward intensity spikes.
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